BMO Financial Group has agreed to sell its Transportation Finance and Vendor Finance businesses in the US and Canada to Stonepeak, a major alternative investment firm, for cash and an earnout. BMO will retain a 19.9% equity stake in the new entity, allowing it to benefit from future income while improving its capital efficiency and return on equity. The transaction, expected to close in Q4 2026, aligns with BMO's strategy to focus on core markets and enhance profitability. Stonepeak plans to grow the businesses while maintaining their strong client relationships and culture.
KKR & Co. Inc. is spearheading a significant A$400 million financing deal for Ampol Limited, showcasing its strong global investment strategy and robust asset management. Despite Bank of Montreal lowering KKR's price target to $112 from $120, the fir...
Alterra IOS closed a $400 million refinancing deal led by Truist and KeyBank, using an equity pledge structure instead of traditional mortgages. The financing covers 99 industrial outdoor storage properties across 27 states, totaling 551 acres and 2....
